Call on : +919602973202 For Over Draft Limit
Flexi Loan (OD Limit)
A Flexi personal loan is a variant of personal loans that gives you the flexibility to use funds as and when required. You are sanctioned a loan limit and can borrow from this limit as many times as you want, without the need for making multiple applications.
A Over Draft Limit is a variant of personal loans that gives you the flexibility to use funds as and when required. You are sanctioned a loan limit and can borrow from this limit as many times as you want, without the need for making multiple applications.
Benefits of Flexi Loans
- You have the flexibility to pre-pay the loan with idle funds.
- You can re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation.
- You save on Interest costs – Interest is payable only on the utilized loan amount. There is no interest levied on the pre-paid amount.
- Seamless, easy, hassle-free online transactions on the Bajaj internet portal– Experia, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to BFL through Net Banking facility.
Apply for a Overdraft (OD Limit) loan in just a few minutes
Follow our step-by-step guide to apply for a personal loan. You can start your online application and resume it at a later instance
- Click on Apply Online to open our online application form
- Fill in a few details and verify the OTP sent to your phone
- Enter your KYC and income data
- Choose the loan amount you want to borrow
- Submit your application
Overdraft (OD Limit) Calculator
Arena Fincorp Overdraft (OD Limit) EMI Calculator
*These calculators are provided only as general self-help Planning Tools. Results depend on other factors.
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*These calculators are provided only as general self-help Planning Tools. Results depend on other factors.
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Flexi Loan FAQ's
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What are features of Flexi Personal Loan?
FLEXI Loan Account is an Industry first facility being extended by BFL to its premium customers. It is a hybrid product combining the features of both, a term loan and a WDV based credit line. With this product you can pre-pay and drawdown money within the drop-line facility using a self-service process, which is easy and hassle-free. Once you avail the Flexi facility, you benefit by saving interest cost by pre-paying any additional / idle funds that you may have, without any interest being levied on the pre-paid amount.
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What is the benefit of a Flexi facility compared to a normal Term Loan?
Flexi Loans offer many benefits compared to normal Term Loan. · You have the flexibility to pre-pay the loan with idle funds · You can re-avail the pre-paid amount within the drop-line facility at any time within the loan tenor timeframe without any additional documentation. · You save on Interest costs – Interest is payable only on the utilized loan amount. There is no interest levied on the pre-paid amount · Seamless, easy, hassle-free online transactions on the Bajaj’s internet portal– Experia, the self-service account access tool for drawdown and RTGS that allows you to make pre-payments to BFL through Net banking transactions.
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How will I get to know my complete loan details?
You will receive a Welcome kit on your E-mail id (& the same would be on Experia also) consisting of: · All Your Flexi Loan details · User id and password for Experia · Your registered bank account details for drawdown transactions. · Unique Virtual account number · Registered mobile number · Reference service guide to help you understand the product and use the self-service tool effectively.
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How can the customer know his balance in Flexi?
The customer can access all the loan details and information pertaining to the Flexi Loan account by logging , with his existing Experia account user id and password. He can place drawdown request only over Experia. The same information can be extracted by using Arena Fincorp website.
